Jobs report, manufacturing PMI, and ISM data top Friday’s economic agenda
As traders approach another pivotal day for financial markets, a series of crucial economic data releases that could sway market dynamics are expected on Friday, August 1, 2025. The U.S. jobs report, manufacturing PMI, and ISM manufacturing data are among the key events that will be closely watched by investors and analysts for insights into the health of the economy and potential implications for monetary policy.
Major Economic Events to Watch:
• 8:30 AM ET: Average Hourly Earnings (Forecast:0.3%, Previous: 0.2%) - Measures change in the price businesses pay for labor
• 8:30 AM ET: Nonfarm Payrolls (Forecast:106K, Previous: 147K) - Key indicator of job creation and consumer spending
• 8:30 AM ET: Unemployment Rate (Forecast:4.2%, Previous: 4.1%) - Percentage of total workforce unemployed and seeking employment
• 9:45 AM ET: Manufacturing PMI (Forecast:49.5, Previous: 52.9) - Measures activity level of purchasing managers in manufacturing sector
• 10:00 AM ET: ISM Manufacturing PMI (Forecast:49.5, Previous: 49.0) - Composite index based on surveys of manufacturing executives
Other Important Economic Events to Watch:
• 8:30 AM ET: Private Nonfarm Payrolls (Forecast:100K, Previous: 74K) - Measures change in private sector employment
• 8:30 AM ET: Average Hourly Earnings (Y/Y) (Forecast:3.8%, Previous: 3.7%) - Year-over-year change in wages
• 8:30 AM ET: Participation Rate (Previous:62.3%) - Share of working-age population in labor force
• 10:00 AM ET: ISM Manufacturing Employment (Previous:45.0) - Employment component of ISM Manufacturing index
• 10:00 AM ET: Construction Spending (M/M) (Forecast:0.0%, Previous: -0.3%) - Month-over-month change in total construction spending
• 10:00 AM ET: ISM Manufacturing Prices (Forecast:69.8, Previous: 69.7) - Prices paid component of ISM Manufacturing index
• 10:00 AM ET: Michigan Consumer Sentiment (Forecast:61.8, Previous: 60.7) - Survey of consumer confidence
• 10:00 AM ET: Michigan Consumer Expectations (Forecast:58.6, Previous: 58.1) - Forward-looking component of consumer sentiment
• 1:00 PM ET: Atlanta Fed GDPNow (Forecast:2.3%, Previous: 2.3%) - Real-time estimate of GDP growth
• 1:00 PM ET: Baker Hughes (NASDAQ:BKR) U.S. Rig Count (Previous:415) - Weekly count of active oil rigs
• 3:30 PM ET: CFTC Speculative Positions for various assets - Weekly report on speculative trading positions
Other Economic Events to Watch:
• 8:00 AM ET: Dallas Fed PCE (Previous:2.00%) - Alternative measure of core inflation
• 8:30 AM ET: Manufacturing Payrolls (Forecast:-3K, Previous: -7K) - Change in manufacturing sector employment
• 8:30 AM ET: Government Payrolls (Previous:73.0K) - Change in government sector employment
• 8:30 AM ET: Average Weekly Hours (Forecast:34.2, Previous: 34.2) - Average hours worked per week
• 8:30 AM ET: U6 Unemployment Rate (Previous:7.7%) - Broader measure of unemployment
• 10:00 AM ET: ISM Manufacturing New Orders Index (Previous:46.4) - New orders component of ISM Manufacturing index
• 10:00 AM ET: Michigan Current Conditions (Forecast:66.8, Previous: 64.8) - Current economic conditions component of consumer sentiment
• 10:00 AM ET: Michigan 1-Year Inflation Expectations (Forecast:4.4%, Previous: 5.0%) - Consumer expectations for near-term inflation
• 10:00 AM ET: Michigan 5-Year Inflation Expectations (Forecast:3.6%, Previous: 4.0%) - Consumer expectations for long-term inflation
For further information and the latest updates, please refer to our Economic Calendar, here.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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